The amount of the credit awarded under this Act is based on the amount of the Illinois labor expenditure and Illinois production spending approved by the Department for the production as set forth under Section 10. The duration of the credit may not exceed one taxable year.
35 ILCS 16/40
Amount and duration of the credit
Known as the Film Production Services Tax Credit Act
The act spans §§ 35-16-1 to 35-16-999 (19 sections).
P.A. 95-720, eff. 5-27-08.
Official source: Illinois General Assembly. Reproduced from public-domain Illinois statutes; confirm against the official source for the current text. Not legal advice.